AnaCredit Gives Banks an Opportunity to Improve Data Management, but Challenges Remain

The European Central Bank (ECB) decided on 24 February 2014 to build a granular credit database (the Analytical Credit Dataset; AnaCredit), a framework that will require banks to invest significantly in their regulatory reporting architecture.

Complying with these requirements will represent a significant investment in the first place, but, alongside other data initiatives it also offers the opportunity to fundamentally change banks’ approach to data management towards a leaner, more efficient data infrastructure.

This white paper explores the requirements of AnaCredit and discusses key challenges such as missing data, aggregating information and establishing a robust reporting system.